New Indian ports company to acquire terminals in Australia

India will set up a state-owned ports company to build overseas influence and acquire ports and terminals in Australia, as well as Asia and Africa.

Indian Ports Global, modelled loosely on Dubai's DP World, will aim to boost India's share of foreign trade and act as a bulwark against Beijing's aggressive efforts to use ports to advance Chinese trade and diplomacy.

It is intended that ownership of the ports will help Indian shipping companies to win a bigger slice of foreign trade by ensuring they gain access to freight terminals.

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